American Homes 4 Rent to Post Q2 2017 Earnings of $0.27 Per Share, FBR & Co Forecasts (AMH)

American Homes 4 Rent (NYSE:AMH) – Analysts at FBR & Co decreased their Q2 2017 EPS estimates for American Homes 4 Rent in a research note issued to investors on Friday. FBR & Co analyst D. Corak now anticipates that the brokerage will earn $0.27 per share for the quarter, down from their previous forecast of $0.28. FBR & Co currently has a “Buy” rating and a $26.00 target price on the stock. FBR & Co also issued estimates for American Homes 4 Rent’s Q4 2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.14 EPS.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.30. The business had revenue of $227.60 million for the quarter, compared to analyst estimates of $230.19 million. American Homes 4 Rent had a negative return on equity of 0.45% and a negative net margin of 2.47%. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS.

WARNING: This story was first published by Mideast Time and is the sole property of of Mideast Time. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.mideasttime.com/american-homes-4-rent-to-post-q2-2017-earnings-of-0-27-per-share-fbr-co-forecasts-amh/1590172.html.

Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

AMH has been the topic of a number of other reports. Zacks Investment Research upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, January 10th. Credit Suisse Group AG began coverage on American Homes 4 Rent in a research note on Monday, February 27th. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Mizuho began coverage on American Homes 4 Rent in a research note on Wednesday, February 8th. They issued a “neutral” rating and a $23.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.71.

American Homes 4 Rent (NYSE:AMH) opened at 23.16 on Monday. The company’s market capitalization is $5.64 billion. The firm has a 50-day moving average price of $23.01 and a 200-day moving average price of $21.50. American Homes 4 Rent has a 52 week low of $15.36 and a 52 week high of $23.98.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently -80.00%.

In other news, Director B Wayne Et Al Hughes purchased 2,192,982 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The shares were purchased at an average cost of $22.80 per share, for a total transaction of $49,999,989.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.31% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its position in American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the company’s stock valued at $116,000 after buying an additional 21 shares during the period. Elkfork Partners LLC bought a new position in American Homes 4 Rent during the fourth quarter valued at $176,000. Tower Research Capital LLC TRC bought a new position in American Homes 4 Rent during the third quarter valued at $192,000. Reliance Trust Co. of Delaware bought a new position in American Homes 4 Rent during the third quarter valued at $215,000. Finally, BlackRock Japan Co. Ltd increased its position in American Homes 4 Rent by 10.1% in the third quarter. BlackRock Japan Co. Ltd now owns 10,656 shares of the company’s stock valued at $231,000 after buying an additional 978 shares during the period. Institutional investors own 97.20% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

5 Day Chart for NYSE:AMH

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.